SJMC SENIOR HOUSING DEVELOPMENT FUND CORPORATION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: SJMC SENIOR HOUSING DEVELOPMENT FUND CORPORATION (EIN 13-4103604)
Tax period: 2011-10-01 to 2012-09-30
Filed: 2013-03-15
IRS object ID: 201340749349300874
Schema version: 2011v1.5
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-03-15T13:19:29-05:00	Timestamp
Tax Period End Date	2012-09-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	132550103	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	D'ARCANGELO & CO LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	800 WESTCHESTER AVE SUITE N-400	AddressLine1
City	RYE BROOK	City
State	NY	State
ZIP Code	105731301	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-10-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	134103604	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	SJMC SENIOR HOUSING DEVELOPMENT FUND CORP	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	SJMC	NameControl
Phone	9149696159	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	122 SOUTH BROADWAY	AddressLine1
City	YONKERS	City
State	NY	State
ZIP Code	10701	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	JAMES LANDY	Name
Title	PRESIDENT	Title
Phone	9149696159	Phone
Date Signed	2013-03-12	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	VINCENT P PANCALDO	Name
PTIN	P00433521	PTIN
Phone	9146944600	Phone
Date Prepared	2013-03-12	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	JAMES LANDY	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	HOG HILL MANAGEMENT 755 PALISADE	AddressLine1
Address Line2	AVE	AddressLine2
City	YONKERS	City
State	NY	State
ZIP Code	10703	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	674870	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2005	YearFormation
State Legal Domicile	NY	StateLegalDomicile
Activity Or Mission Description	PROVIDE HOUSING TO THE ELDERLY AND HANDICAPPED.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	5	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	0	ContributionsGrantsPriorYear
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	668470	ProgramServiceRevenuePriorYear
Program Service Revenue CY	670752	ProgramServiceRevenueCY
Investment Income Prior Year	479	InvestmentIncomePriorYear
Investment Income Current Year	518	InvestmentIncomeCurrentYear
Other Revenue Prior Year	10239	OtherRevenuePriorYear
Other Revenue Current Year	3600	OtherRevenueCurrentYear
Total Revenue Prior Year	679188	TotalRevenuePriorYear
Total Revenue Current Year	674870	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	175146	SalariesEtcPriorYear
Salaries Etc Current Year	206598	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	669135	OtherExpensePriorYear
Other Expenses Current Year	680082	OtherExpensesCurrentYear
Total Expenses Prior Year	844281	TotalExpensesPriorYear
Total Expenses Current Year	886680	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-165093	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-211810	RevenuesLessExpensesCY
Total Assets BOY	10833558	TotalAssetsBOY
Total Assets EOY	10648065	TotalAssetsEOY
Total Liabilities BOY	12581751	TotalLiabilitiesBOY
Total Liabilities EOY	12608068	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	-1748193	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	-1960003	NetAssetsOrFundBalancesEOY
Mission Description	PROVIDE HOUSING TO THE ELDERLY AND HANDICAPPED.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Expense	720916	Expense
Revenue	670752	Revenue
Description	THE ORGANIZATION OWNS AND OPERATES A SECTION 202 HUD MULTIFAMILY HOUSING PROJECT FOR THE ELDERLY OR HANDICAPPED. THE PROJECT CONSISTS OF 81 UNITS.	Description
Total Program Service Expense	720916	TotalProgramServiceExpense
Described In501 C3	1	DescribedIn501C3
Schedule B Required	0	ScheduleBRequired
Political Activities	0	PoliticalActivities
Lobbying Activities	0	LobbyingActivities
Subject To Proxy Tax	0	SubjectToProxyTax
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	0	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	0	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	0	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	0	ReportFin48Footnote
Independent Audit Financial Stmt	0	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	1	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	0	GrantsToOrganizations
Grants To Individuals	0	GrantsToIndividuals
Schedule J Required	0	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Excess Benefit Transaction	0	ExcessBenefitTransaction
Prior Excess Benefit Transaction	0	PriorExcessBenefitTransaction
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	0	DeductibleNonCashContributions
Deductible Contributions Of Art	0	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Transaction Related Entity	0	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	0	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	1	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	5	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	0	UnrelatedBusinessIncome
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Quid Pro Quo Contributions	0	QuidProQuoContributions
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOf
Funds To Pay Premiums	0	FundsToPayPremiums
Premiums Paid	0	PremiumsPaid
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	9	NbrVotingGoverningBodyMembers
Number Independent Voting Members	9	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	1	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	0	MembersOrStockholders
Election Of Board Members	0	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	1	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	1	RegularMonitoringEnforcement
Whistleblower Policy	1	WhistleblowerPolicy
Document Retention Policy	1	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	1	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	HOG HILL MANAGEMENT CORP	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	9149696159	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	755 PALISADE AVENUE	AddressLine1
City	YONKERS	City
State	NY	State
ZIP Code	10703	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (9 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
JAMES LANDY
PRESIDENT	0.00	X	X	0	0	0
SISTER MARGARET BRICK
VICE PRESIDENT	0.00	X	X	0	0	0
LAWRENCE MCCRUDDEN
TREASURER	0.00	X	X	0	0	0
COLLEEN WAGNER
SECRETARY	0.00	X	X	0	0	0
MICHAEL J SPICER
VICE PRESIDENT	0.00	X	X	0	0	0
ANDREW BALINT
MEMBER	0.00	X		0	0	0
KEVIN CACACE
MEMBER	0.00	X		0	0	0
CAROLYN HARRINGTON
MEMBER	0.00	X		0	0	0
MICHAEL MELNICKE
MEMBER	0.00	X		0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	0	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	0	TotalOtherCompensation
Number Individuals GT100 K	0	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	0	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
HOUSING ASSISTANCE PAY	532000	386470	386470
PROGRAM SERVICES REVEN	532000	281052	281052
GARAGE AND PARKING SPA	532000	3230	3230

Field	Value	IRS element (for citing)
Total Program Service Revenue	670752	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	518	TotalRevenueColumn
Exclusion	$518	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	LAUNDRY & VENDING	Description
Business Code	532000	BusinessCode
Total Revenue Column	3600	TotalRevenueColumn
Exclusion	$3,600	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	3600	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	674870	TotalRevenueColumn
Related Or Exempt Function Income	670752	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$4,118	ExclusionAmount

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	151446	Total
Program Services	110690	ProgramServices
Management And General	40756	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	8263	Total
Program Services	5061	ProgramServices
Management And General	3202	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	26485	Total
Program Services	19361	ProgramServices
Management And General	7124	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	20404	Total
Program Services	14915	ProgramServices
Management And General	5489	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	20700	Total
Management And General	20700	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	5532	Total
Management And General	5532	ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	315799	Total
Program Services	315799	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	47786	Total
Program Services	47786	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
UTILITIES	103494	103494
REPAIRS & MAINTENANCE	71436	71436
MANAGEMENT FEES	52430		52430
BOOKKEEPING	12827		12827

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	50078	Total
Program Services	32374	ProgramServices
Management And General	17704	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	886680	Total
Program Services	720916	ProgramServices
Management And General	165764	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	71270	BOY
EOY	155760	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	13290	BOY
EOY	26246	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	12574197	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	2380547	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	10505909	BOY
EOY	10193650	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	243089	BOY
EOY	272409	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	10833558	BOY
EOY	10648065	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	22972	BOY
EOY	48679	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	12133700	BOY
EOY	12133700	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	425079	BOY
EOY	425689	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	12581751	BOY
EOY	12608068	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	-1748193	BOY
EOY	-1960003	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	-1748193	BOY
EOY	-1960003	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	10833558	BOY
EOY	10648065	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-211810	ReconcilationRevenueExpenses
Reconcilation Other Changes	0	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	1	FSAudited
Audit Committee	0	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	1	FederalGrantAuditRequired
Federal Grant Audit Performed	1	FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	X	PubliclySupportedOrg509a2

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	587523	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	612065	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	644139	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	668470	CurrentTaxYearMinus1Year
Current Tax Year	670752	CurrentTaxYear
Total	3182949	Total

Total509 Total509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	587523	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	612065	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	644139	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	668470	CurrentTaxYearMinus1Year
Current Tax Year	670752	CurrentTaxYear
Total	3182949	Total

Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Amts From Subst Contributors AmtsFromSubstContributors

Field	Value	IRS element (for citing)
Total	0	Total

Support From DQ Ps Etc SupportFromDQPsEtc

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Public Support Total509	3182949	PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1964	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	428	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	350	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	479	CurrentTaxYearMinus1Year
Current Tax Year	518	CurrentTaxYear
Total	3739	Total

Investment Income And UBTI InvestmentIncomeAndUBTI

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1964	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	428	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	350	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	479	CurrentTaxYearMinus1Year
Current Tax Year	518	CurrentTaxYear
Total	3739	Total

Other Income509 OtherIncome509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	3797	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	4805	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	3600	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	10239	CurrentTaxYearMinus1Year
Current Tax Year	3600	CurrentTaxYear
Total	26041	Total

Total Support Total TotalSupportTotal

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	593284	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	617298	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	648089	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	679188	CurrentTaxYearMinus1Year
Current Tax Year	674870	CurrentTaxYear
Total	3212729	Total

Field	Value	IRS element (for citing)
Public Support Percentage509	0.99070	PublicSupportPercentage509
Prior Year Support Percentage	0.99030	PriorYearSupportPercentage
Investment Income Percentage	0.00120	InvestmentIncomePercentage
Prior Yr Invest Income Percentage	0.00120	PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509	X	ThirtyThreePercntTestsCY509

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	246030	OtherCostOrOtherBasis
Book Value	246030	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	12237906	OtherCostOrOtherBasis
Depreciation	2311137	Depreciation
Book Value	9926769	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	32004	OtherCostOrOtherBasis
Depreciation	25702	Depreciation
Book Value	6302	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	58257	OtherCostOrOtherBasis
Depreciation	43708	Depreciation
Book Value	14549	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	10193650	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
TENANT SECURITY DEPOSITS	$25,689
AHP SUBSIDY PAYABLE	$400,000

Field	Value	IRS element (for citing)
Total Of Amounts	425689	TotalOfAmounts
Total Revenue	674870	TotalRevenue
Total Expenses	886680	TotalExpenses
Excess Or Deficit For Year	-211810	ExcessOrDeficitForYear
Excess Or Deficit Per FS	-211810	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	674870	TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F990	0	RevenueNotRptdF990
Revenue Subtotal	674870	RevenueSubtotal
Revenue Not Rptd On Fin Stmt	0	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	674870	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	886680	TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F990	0	ExpensesNotRptdF990
Expenses Subtotal	886680	ExpensesSubtotal
Expenses Not Rptd On Fin Stmt	0	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	886680	TotalExpensesPerForm990

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

Return ReferenceReturnReference	ExplanationExplanation
FORM 990, PART VI, SECTION A, LINE 3	THE PROJECT ENTERED INTO A CONTRACT WITH AN INDEPENDENT MANAGEMENT COMPANY WHICH HANDLES THE OPERATION OF THE BUILDING, ALL BUILDING RELATED SERVICES, ALL TENANT NEEDS AND SERVICES, AS WELL AS ALL LEGAL, FINANCIAL AND OTHER MATTERS.
FORM 990, PART VI, SECTION B, LINE 11	THE PROJECT DISTRIBUTES A DRAFT COPY OF THE IRS FORM 990 TO ITS BOARD MEMBERS TO REVIEW; WHO THEN ARE PROVIDED AN OPPORTUNITY TO MAKE COMMENTS OR INQUIRIES. APPROPRIATE RESPONSES ARE GIVEN TO THEIR SATISFACTION. THE BOARD APPROVES THE FILING OF THE FORM AT A MEETING HELD PRIOR TO ITS DUE DATE.
FORM 990, PART VI, SECTION B, LINE 12C	ANNUAL UPADATES REQUESTED IN WRITING FROM BOARD MEMBERS AND KEY PEOPLE.
FORM 990, PART VI, SECTION B, LINE 15	THE ORGANIZATION HAS THE POLICY ON AS NEEDED BASIS.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ALL SUCH DOCUMENTS AVAILABLE ON AN AS-NEEDED BASIS, UPON REQUEST.